At the end of the^first half of 2022, eight Nigerian banks reported a profit of N176.11 billion despite macroeconomic challenges.

FCMB Group Plc, Union Bank of Nigeria Plc, Jaiz Bank Plc, Wema Bank Plc, FBN Holdings Plc, Sterling Bank Plc, Ecobank Transnational Incorporated (ETI) and Unity Bank Plc. These eight Nigerian banks generated a whopping N176.11 billion in profits in the six months ended June 30, 2009.These eight Nigerian banks generated a whopping N176.11 billion in profits in the six months ended June 30, 2022, an increase of 34.66% over the N130.78 billion in profits earned in the corresponding period of 2021.

FCMB Group recorded an 80.7% increase in profit to N13.66 billion in the first half of 2022, while FBN Holdings reported a profit of N56.54 billion in the first half of 2022, representing an increase. Wema Bank reported a 42% increase in profit to N5.28 billion in the first half of 2022.

Sterling Bank reported N8.01 billion in the first half of 2022, an increase of 40.8%. Jaiz Bank reported a profit of N2.54 billion in the first half of 2022, an increase of 26.8% from N1.99 billion in the first half of 2021, while Unity Bank reported a 22.8% increase in profit to N1.69 billion in the first half of 2022. Finally, Union Bank reported a profit of N11.07 billion in the first half of 2022, a growth of 12.6%.